While Maersk Oil's core business activities in Qatar are staggering, that's exactly where the Danish company wants to direct the surgical knife with layoffs. It may send a strong signal to authorities in Qatar ahead of important negotiations, says one analyst.
MATHIAS ØRSBORG JOHANSEN, ENERGIWATCH
Maersk Oil announced new layoffs Monday, cutting into 10-12 percent of the staff. While a portion of the jobs will come from the headquarters in Copenhagen, most redundancies will take place in Qatar or Norway.